Banking & Finance
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PNC Bank Plans To Open 100 New Locations, 2 in Philadelphia, With New $1 Billion Investment
PNC Bank recently announced that it is investing $1 billion to open more than 100 new locations — including two in the Philadelphia region — and renovate more than 1,200 existing branches through 2028, writes Jeff Blumenthal for the Philadelphia Business Journal. With 105 retail locations already, PNC is the third-largest deposit taker in the…
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Finance Life Events with Your Home’s Equity
If you’ve been paying your mortgage for a while, you’ve probably built up some equity in your home. Home values statewide have increased 27 percent in the past 5 years according to data from multiple listing services. You may have heard of a home equity line of credit or loan, but you might not understand why…
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Penn Community Bank Launches New Campaign Focusing on ‘Thriving Communities’
Penn Community Bank, the largest mutual bank in eastern Pennsylvania, is launching a new, multi-channel marketing campaign highlighting its role in supporting thriving communities throughout the region. “At Penn Community Bank, we believe that supporting thriving communities starts with building deep and meaningful relationships with our customers,” said Bernard Tynes, Chief Experience & Impact Officer. “That’s…
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Family-Owned Firstrust Bank Celebrates 90 Years of Fostering Trust and Stability Through Generations
The story of Firstrust Bank represents the essence of the American Dream. Founded in the throes of the Great Depression, the bank’s fascinating narrative is one of entrepreneurial risk-taking, resilience in the face of adversity, continual adaptation and growth, community service, and family legacy. Samuel A. Green, a Hungarian immigrant who arrived in the United…
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Is Tax-Exempt Financing Right for Your Nonprofit?
Nonprofit organizations are not immune to the current financial challenges. An often-underutilized tool to help with these challenges is tax-exempt financing. Whether your organization is a health system, residential healthcare or senior housing facility, or another nonprofit organization outside of the healthcare space, there are options to explore that should fit your needs. Bank held…
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Labor of Love: Veterinarian Couple Shares What It’s Like Working Together and How Firstrust Bank Financed Their Dreams
When Dr. Nick Pope met his future wife, Dr. Elizabeth Pope, they were both students at the Oklahoma State University College of Veterinary Medicine and traveling down the same career path. Despite their passion for animals and shared dreams of becoming veterinarians, however, it was never their intention to one day work together. “We had…
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Firstrust Bank Expands Q2 Partnership to Strengthen Customer Engagement and Deposit Growth
Firstrust Bank has selected Q2 ClickSWITCH — a software-as-a-service (SaaS) solution for account switching — to help grow deposits, increase engagement, and provide its customers with a modernized digital account opening experience. The expanded partnership between Q2 and Firstrust, which began in 2019 when Firstrust deployed Q2’s digital banking platform to power its online and…
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Philadelphia Leadership: John Fessick, Market Executive for Pennsylvania and Delaware, Wells Fargo
From his office in Conshohocken, John Fessick, Market Executive for Pennsylvania and Delaware at Wells Fargo, spoke to PHILADELPHIA Today about growing up in Stroudsburg as the oldest of four brothers. As a teenager, he explored a variety of different interests – sports, student government, music, Eagle Scout, and working nights at a hotel –…
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American Heritage Credit Union Accepting Applications for 2024 Cecilia B. Grady Scholarship Program
American Heritage Credit Union is awarding 30 high school senior members with a $1,000 scholarship to help ease the financial burden of higher education expenses. American Heritage’s Scholarship Committee will select the 2024 recipients based on their scholarly merits, community and school involvement, a letter of recommendation, credit union eligibility, and a submitted essay describing…
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Chase Bank Plans to Open 40 New Branches, Create Hundreds of New Jobs in Philadelphia
To reach its goal of reaching 100 local branches by 2027, Chase Bank is planning to almost double its retail employee headcount and open more than 40 new branches in the Philadelphia market over the next three years, writes Jeff Blumenthal for the Philadelphia Business Journal. Chase entered the Philadelphia retail banking market in 2019,…
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Get off The 1031 Merry-Go-Round
A 1031 exchange allows investors to sell a real estate property and exchange it for another property if the conditions are met. A 1031 exchange permits the owner to defer capital gains. For the last sixteen-plus years, investors have had the option of selling their property and going into a passive ownership role with a…
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WSFS CARES Foundation Provided $2.7 Million in Charitable Grants and Contributions in 2023
The WSFS CARES Foundation, the charitable giving arm of WSFS Bank, provided grants and donations totaling more than $2.7 million to more than 390 community organizations located across Delaware, New Jersey, and Pennsylvania in 2023. WSFS also made a $2.0 million contribution to the WSFS CARES Foundation in 2023 to support future investments in its…
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American Heritage Credit Union Launches My CU Home Connection Program
American Heritage Credit Union and its mortgage company, First Heritage Mortgage Services, have partnered with First Heritage Realty Alliance and Member Settlement Solutions LLC to launch the My CU Home Connection program. This program provides an all-in-one bundled service to help members search, buy, sell, and save on their next home. Homebuyers can earn realty cash rewards,…
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Newsweek Names Penn Community Among America’s Best Regional Banks
Penn Community Bank, the largest independent mutual bank in eastern Pennsylvania, has been recognized as one of America’s Best Regional Banks 2024 by “Newsweek.” “We are deeply honored to be recognized by ‘Newsweek‘ as one of America’s Best Regional Banks,” said Jeane M. Vidoni, President and CEO of Penn Community Bank. “Our customers are at the heart of everything we do,…













































